Principal Financial Group Inc. Boosts Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Principal Financial Group Inc. lifted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,755 shares of the company’s stock after purchasing an additional 3,116 shares during the period. Principal Financial Group Inc. owned 0.43% of Ethan Allen Interiors worth $3,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Ethan Allen Interiors during the third quarter valued at approximately $862,000. FMR LLC boosted its holdings in shares of Ethan Allen Interiors by 421.3% during the 3rd quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after purchasing an additional 15,309 shares during the last quarter. Barclays PLC boosted its holdings in shares of Ethan Allen Interiors by 113.8% during the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after purchasing an additional 30,437 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $1,132,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Ethan Allen Interiors by 6.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock valued at $2,131,000 after purchasing an additional 4,267 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETD. Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, January 30th. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total value of $292,700.00. Following the sale, the chief executive officer now owns 1,641,905 shares in the company, valued at $48,058,559.35. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.48% of the stock is owned by corporate insiders.

Ethan Allen Interiors Stock Down 1.2 %

Shares of ETD opened at $27.54 on Wednesday. The company has a market cap of $700.24 million, a price-to-earnings ratio of 11.57 and a beta of 1.31. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The company has a 50 day moving average of $28.81 and a two-hundred day moving average of $29.70.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. On average, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.67%. Ethan Allen Interiors’s payout ratio is 65.55%.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.